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File: AIA Press Release -Updated PL and Initial Nokomis Resource Estimates April 17 2014.docx



Auriga Gold Corp. Announces Updated Gold Mineral Resource on its Maverick Gold Project:  Total Measured and Indicated 
--->Mineral Resources Increased by 88% to 327,900 Ounces of Gold
Total Inferred Mineral Resources Total 438,600 Ounces of Gold
In Pit Measured and Indicated Resources Increased by 279% to 121,100 Ounces of Gold grading 4.01 g/t

TORONTO, ONTARIO - April 17, 2014, Auriga Gold Corp. (TSX-V: "AIA") ("Auriga Gold" or the "Company") is pleased to ann
--->ounce an updated independent NI 43-101 mineral resource estimate for the Puffy Lake ("PL") Gold Deposit and an initial
---> NI 43-101 mineral resource estimate for the Nokomis Gold Deposit, both located on its 100% owned Maverick Gold Projec
--->t, located 65 kilometers north of Flin Flon, Manitoba. 

Together the PL and Nokomis gold deposits support mineral resources amenable to open pit and underground mining that i
--->nclude Measured and Indicated mineral resources totalling 327,900 ounces of gold and Inferred mineral resources of 438
--->,600 ounces of gold (see Resource Summary Table on the following page). 

Highlights for the PL Deposit are:

  

The initial NI 43-101 mineral resource estimate for the Nokomis Gold Deposit is the first step toward including this s
--->ignificant shallow mineral resource into an updated Preliminary Economic Assessment ("PEA").  The Nokomis mineral reso
--->urce is amenable to open pit mining and is located just 8 kilometres from the existing mine and mill infrastructure on
---> the Maverick Gold Project. Management believes this Nokomis mineral resource estimate could enhance the earlier PEA, 
--->which was based solely on the PL deposit and an operating rate of 750tpd vs the nameplate capacity of the mill which i
--->s 1,000tpd.

Highlights for the Nokomis Gold Deposit are:
  
Both the PL and Nokomis deposits remain open at depth.

The company will file an NI 43-101 technical report on SEDAR within 45 days.

Gorden Glenn, President & CEO commented "The purpose of this mineral resource update for the PL Deposit was to incorpo
--->rate 45 holes drilled subsequent to the August 2011 initial NI 43-101 mineral resource estimate and confirm management
--->'s expectation for a significant conversion of mineral resources previously categorized as Inferred to the higher conf
--->idence Measured and Indicated category.  The initial NI 43-101 mineral resource estimate for Nokomis will enable us to
---> incorporate its significant in-pit mineral resource into our updated PEA. We are very pleased with the high proportio
--->n of Inferred mineral resource that was successfully converted to Measured and Indicated at PL.  We are also pleased w
--->ith the significant increase in total In-Pit Measured and Indicated category mineral resources."

Mineral Resource Summary Table:

Deposit
 Cut-off Grade (Au g/t)
 Resource Category
 Tonnes (t)
 Au Grade (g/t)
 Au Ounces
 
 Open Pit Mineral Resources
 
 PL Deposit  In Pit
 0.6g/t
 Measured 
 123,000
 4.41
 17,400
 
 
 0.6g/t
 Indicated
 445,000
 4.40
 63,000
 
 Nokomis Deposit
 0.6g/t
 Indicated
 371,000
 3.41
 40,700
 
 Total PL and Nokomis In Pit 
 0.6g/t
 Measured & Indicated
 939,000
 4.01
 121,100
 
 PL Deposit  In Pit
 0.6g/t
 Inferred
 45,000
 4.87
 7,000
 
 Nokomis Deposit
 0.6g/t
 Inferred
 247,000
 2.41
 19,100
 
 Total PL and Nokomis In Pit 
 0.6g/t
 Inferred
 292,000
 2.78
 26,100
 
 Shallow Underground Mineral Resources
 
 PL Deposit  Underground
 2.5g/t
 Measured
 27,000
 5.12
 4,500
 
 
 2.5g/t
 Indicated
 1,057,000
 5.95
 202,300
 
 Total PL Underground
 2.5g/t
 Measured & Indicated
 1,084,000
 5.93
 206,800
 
 PL Deposit  Underground
 2.5g/t
 Inferred
 2,135,000
 6.01
 412,500
 
 Total In Pit and Shallow Underground Mineral Resources
 
 Total In Pit and Underground
 0.6/2.5g/t
 Measured & Indicated
 2,023,000
 5.04
 327,900
 
 Total In Pit and Underground
 0.6/2.5g/t
 Inferred
 2,427,000
 5.62
 438,600
 
 
Notes: Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of m
--->ineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, mar
--->keting, or other relevant issues. (1) The quantity and grade of reported Inferred resources in this estimation are unc
--->ertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Mea
--->sured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Mea
--->sured mineral resource category.
(2) The PL updated NI 43-101 compliant mineral resource estimate has been prepared by Mr. Eugene Puritch, P.Eng. of P&
--->E Mining Consultants Inc.. The Nokomis NI 43-101 compliant mineral resource was prepared by Leon McGarry, B.Sc., P.Geo
--->., of ACA Howe International Limited. (3) The NI 43-101 compliant mineral resources in this press release were estimat
--->ed using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Rese
--->rves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Coun
--->cil. (4) Grade capping of 30g/t Au was utilized on composites at the PL Deposit and grade capping of 50g/t Au was util
--->ized on raw assays at the Nokomis Deposit. (5) Bulk densities of 2.72 t/m3 and 2.89t/m3, respectively were used for to
--->nnage calculations at the PL Deposit and Nokomis Deposits, respectively. (6) At the PL gold deposit open pit resources
---> are reported within an optimized pit shell.
(7) A gold price of US$1,300/oz and an exchange rate of US$0.97US=C$1.00 was utilized in the Au cut-off grade calculat
--->ions of 0.6 g/t open pit and 2.5 g/t underground. Open pit mining costs were C$3.75/t for mineralized material and C$3
--->.00/t for waste rock while underground mining costs were C$75/t. Process costs were C$17/t and G&A was C$6/t. Process 
--->recovery used was 95%.
 The updated mineral resource estimate for the PL Deposit is based on a substantial drill hole database consisting of 
--->390 diamond holes, including:
90 holes drilled by Auriga Gold between 2011 and 2013
300 holes by previous operators drilled prior to 2010
The initial NI 43-101 mineral resource estimate for Nokomis includes prior drilling as follows:
19 Auriga diamond drill holes completed in 2012 (A4-01 to A4-19); and,
125 historic diamond drill holes completed between 1958 and 2005:
20 Claude/Pioneer diamond drill holes completed in 2004 (04-106 to 04-108) and
2005 (05-110 to 05-125)
20 Pioneer diamond drill holes completed in 2000 (00-97 to 00-105) and 1997(97-86 to 97-96)
39 Dome diamond drill holes completed in 1985 (61-85) and 1975 (47-60)
41 Rio Tinto diamond drill holes completed in 1961 (6-46)
5 Parres diamond drill holes completed in 1958 (1-5)

As previously disclosed we are diligently working toward a positive mine re-start decision for the Maverick Gold Proje
--->ct.  The completion of updated and initial NI 43-101 mineral resource estimates for PL and Nokomis deposit's, respecti
--->vely is an integral step in our technical program to de-risk the Maverick Gold Project.  We can now look forward to de
--->veloping a new underground mine plan utilizing the Minrail's SAMTM technology and developing a new open pit mine plan 
--->that will form the basis of the updated PEA that we hope to have completed before the end of June 2014.

With respect to the underground mine plan the resource update for the PL Gold deposit is material step forward in our 
--->overall work program.  With the resource block model in hand we are pleased to report our underground mine plan consul
--->tant, Minrail Inc., has already made significant progress developing not only a new underground mine plan but also a p
--->rogram for an underground test mine stope that we hope to initiate in H2 2014.  This stage of the project is another i
--->mportant part of our systematic program to de-risking the MGP.  We intend to initiate the underground test mining soon
---> after the completion of the updated Preliminary Economic Assessment and are in the process of making plans to de-wate
--->r the decline to gain access to near surface test stopes.  The test mining stope will enable management and consultant
--->s to:
Confirm grade, thickness and continuity of the mineralized veins in the test stope
Confirm the viability of the proposed SAMSTM
Confirm SAMSTM development and operating costs 
Confirm and assess underground geotechnical and hydrogeological conditions
Provide a large bulk sample for additional metallurgical testing

Upon the completion of the proposed underground test mining program we hope to be in a position to conclude our financ
--->ing arrangements and advance the MGP to full production in 2015.

The Maverick Gold Project mineral resource information presented in this release has been reviewed and approved by Mr.
---> Eugene Puritch, P.Eng. of P&E Mining Consultants Inc. and Mr. Leon McGarry, B.Sc., P.Geo., of A.C.A. Howe Internation
--->al Limited. of Toronto, Ontario. Mr. Puritch and Mr. McGarry are Independent Qualified Persons as defined under NI 43-
--->101 regulations.
About Auriga Gold
Auriga Gold Corp. is an emerging Canadian gold producer focused on re-starting the Puffy Mine and expanding gold resou
--->rces on its Puffy and Nokomis gold deposits (collectively the "Maverick Gold Project"). The Company plans to upgrade a
--->nd expand the resources at the Maverick Gold Project, initiate test mining, complete feasibility studies of mineral re
--->serves, and bring the Puffy Mine back into production. The Puffy Mine includes a 1,000 tpd flotation mill with a repla
--->cement value in excess of $50 million, over 7,000 meters of developed underground ramp to 135 metres depth, is fully r
--->oad accessible and close to existing mining infrastructure. The Maverick Gold Project is located in the Flin Flon Gree
--->nstone Belt of Central Manitoba. To view current images of the property and mill, please see www.aurigagold.ca/s/photo
--->gallery.asp
For more information please contact:  Auriga Gold Corp. Gorden Glenn Chairman, President and CEO gglenn@aurigagold.ca 
--->Phone:  647-985-2785 info@aurigagold.ca http://www.aurigagold.ca
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislat
--->ion. Forward-looking information includes, but is not limited to, information regarding the Company including manageme
--->nt's assessment of future plans and operations, that may involve risks associated with mining exploration and developm
--->ent, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risk
--->s, access to labour and services, competition from other companies and ability to access sufficient capital. As a cons
--->equence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility 
--->study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed op
--->erations will be economically viable.  Although Auriga Gold has attempted to identify important factors that could cau
--->se actual results to differ materially from those contained in forward-looking information, there may be other factors
---> that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information w
--->ill prove to be accurate, as actual results and future events could differ materially from those anticipated in such i
--->nformation. Accordingly, readers should not place undue reliance on forward-looking information. Auriga Gold does not 
--->undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.